Gold edges up as Middle East tensions support

17 February 2011  Reuters

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Spot gold was slightly stronger on Thursday, on course for a fourth straight day of gains, as escalating tensions in the Middle East buoyed sentiment, though physical demand remained lackluster.

Investors are closely watching the development of tensions in the Middle East and North Africa, especially after Israel said Iranian warships were trying to traverse the Suez Canal and riots broke out in Libya.

http://www.reuters.com/article/2011/02/17/us-markets-precious-idUSTRE6BF5L920110217